Stock Rebound Stalls; Nasdaq Down Triple Digits

Stocks have pulled back from their premarket gains, with the Nasdaq Composite (IXIC) down 163 points and oscillating in and out of negative territory for 2025. The S&P 500 Index (SPX) is modestly lower as well, while the Dow Jones Industrial Average (DJI) pared a triple-digit pop and was last seen up 75 points, still rebounding from its worst day of the year with help from Nike (NKE) and Travelers (TRV). 

MMC February24


Options bears are targeting Antero Midstream Corp (NYSE: AMtoday, as the stock falls further from last week's six-year highs, heading for its fourth-straight loss. So far, 14,000 puts have been exchanged -- 14 times the amount typically seen at this point -- in comparison to just 105 calls. The March and April 16 puts are the most popular contracts, with new positions opening at the latter. The stock's low so far today is $15.98, with the shares last seen down 1.08% at $16.11. 

AM Feb24


Publicly traded since mid-November, Telix Pharmaceuticals Inc (Nasdaq: TLXis climbing the Nasdaq, up 33.3% at $26.00 today and trading at record highs. The stock received several price-target hikes over the past two sessions after posting an upbeat revenue forecast, as well as an upgrade from Bell Potter to "buy" from "hold" on Friday. Today's pop comes after the company's PETimaging agent Illuccix® was approved in Norway, pushing the stock to a 46% year-to-date lead. 

Pony AI Inc (Nasdaq: PONYis down 15.5% at $19.95 at last glance, one of the worst performers on the Nasdaq today. This negative price action could be a correction from Friday's surge, which occurred after the company was the first to offer Robotaxi operations in Guangzhou. Also only publicly traded since November, today's drop has PONY falling from all-time highs. Year to date, the equity remains up 34.6%. 


More By This Author:

Dow Logs Worst Day Of 2025 As Investor Sentiment Wanes
Stocks Firmly Lower As Consumer Sentiment Weakens
Nasdaq Snaps Winning Streak; Dow Logs Worst Day Since January
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with